Saudi Aramco boosts LPG contract prices again for July

London, (Quantum Commodity Intelligence) – Oil producer Saudi Aramco hiked its official monthly selling price of liquefied gas (LPG) for a second straight month for July as crude oil prices continued to rise.

The world's largest oil producer set the price for July propane at $620/mt, up $90/mt on the month and August butane at $620/mt, up $95/mt from the previous month's OSP, according to market sources.

The CPs have risen between 25-30% from May's lower levels, surpassing the 17% increase in crude oil prices over the past two months, according to Quantum data.